Home United States USA — Financial The House Passes A Bill To Avoid A Debt Default, But It's...

The House Passes A Bill To Avoid A Debt Default, But It's Mostly Symbolic

211
0
SHARE

Facing multiple deadlines, Democratic leaders tried to make some headway — even if only symbolically — by passing a bill Wednesday that would suspend the …
Facing multiple deadlines, Democratic leaders tried to make some headway — even if only symbolically — by passing a bill Wednesday that would suspend the nation’s borrowing limit through mid-December of next year. The measure passed 219-212, largely along party lines but is expected to fail in the Senate. There was no movement on the more pressing problem of the day, a looming government shutdown. Senate Majority Leader Chuck Schumer said Wednesday morning that the chamber would vote on a bill that funds the government through Dec.3, as well as provide emergency aid for disasters and Afghan refugees. Negotiations over possible amendments to that funding bill have pushed that vote to Thursday. The government shuts down at midnight Thursday without the funds. The bill would then still need to pass the House and get signed by President Joe Biden to avert a shutdown.

Continue reading...